In this episode of Beats Roundtable, Ben Brey sits down with energy expert Bob Morris and special guest Macro Strategist Craig Shapiro of the Bear Traps Report to delve into the ramifications of potential U.S. tariffs on Canadian crude oil imports under the Trump administration. As the market braces for potential changes, the discussion focuses on the implications for top Canadian oil producer $CNQ and how these tariffs could reverberate through global energy markets.
Bob Morris provides insights into $CNQ's market position and the potential economic impact of a 25% tariff on Canadian crude oil exports to the U.S., while Craig Shapiro explores broader market dynamics and the uncertainty surrounding Trump's trade policies. The conversation broadens to include the influence of weather patterns, U.S. crude oil inventories, and geopolitical factors on current energy markets.
Tune in for an in-depth analysis of the possible shifts in the energy sector as the Trump administration's tariff strategies unfold, with expert opinions on investment opportunities and risks in a climate of economic uncertainty.
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